Quote:
Originally Posted by anticipation
in theory this all sounds great, but when put into application it would never succeed. who is willing to pay the government $100 dollars in taxes on an ounce? (which is the precedent being set by oregon growers who are being subsidized by the government). taxation would be regulated entirely by the US government, which would see an increase in taxation during recessions and the masses would just resort to the previous system. underground drug trade would still flourish, the problem wouldn't be effectively solved by just legalization and taxation.
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It's not that your scenario can't happen it's that it's too easy to see coming to let it happen.
People will gladly pay a bit more to obtain it legally and taxes will not get out of hand initially because the market won't allow it. There is no precedent for the scenario you propose, The product is currently being produced in very small supply comparative to a nation wide recreational legalization and taxes and base prices would be reduced dramatically and quickly as the market would demand such. Odds are you'd pay anywhere from $100 to $500 an ounce depending on geography and potency.